U.S. Bitcoin ETFs have expanded their BTC holdings aggressively in the last eight months. Since launching in January 2024, twelve funds have steadily accumulated Bitcoin, collectively reaching 4.68% of the global supply.

Crypto investors will be watching two major macro developments this week that includes the Fed Chair Jerome Powell speech and the upcoming US non-farm payrolls report on Friday.

Although Bitcoin (BTC) has slightly corrected its recent gains, which saw it get closer to the $66,000 barrier, its breakout above $60,000 was no small feat, and the flagship decentralized finance (DeFi) asset might initiate a parabolic rally phase, thanks to its correlation with the Chinese Yuan (CNY).

BTC dropped to a multi-day low of just over $63,000.

Bitcoin price trades at $64.4K after losing 1.96% in the last 24 hours. BTC continued to stay in the greed zone in the market.

After reaching a multi-week high of around $66.5k last Friday, Bitcoin's (BTC) price has suffered low bullish momentum. The flagship coin has dropped over 3 percent in the last three days to trade around $64.5k on Monday during the mid-London session.

Bitcoin, the largest crypto asset appears to be experiencing heightened optimism among investors as evidenced by the consistent decline in the digital asset's balances on several cryptocurrency exchanges.

Many believe that Bitcoin (BTC) is on the verge of a massive breakout, signaling the start of a bull market. Analyst Crypto Rover even gave an exact timeframe of when this “bull run” will start: Sept. 30 to Oct. 4.

As Bitcoin prepares to break through the top of its bull flag, or perhaps be rejected once again, both Ethereum and Solana are starting to turn the tables on the number one cryptocurrency. If $BTC can hold firm, is this the time when the major altcoins will start to steal the show?

Bitcoin enthusiasts eagerly awaiting the next bull run might have to manage their expectations, as a new report suggests that the market may not reach new all-time highs anytime soon. According to on-chain analytics platform Santiment, the social sentiment surrounding Bitcoin has grown excessively optimistic, which could act as a barrier to future price surges.

Bitcoin traders' BTC price bets stay firmly bullish as volatility slides back into the September monthly close.

While Bitcoin dominance is struggling to break its resistance level, altcoins are seeing a rise. Well-known crypto analyst Crypto Rover suggests that Bitcoin might be headed for a major drop, which aligns with previous market behavior after Bitcoin halvings.

As Bitcoin becomes more institutionalized, some argue that it is losing ties to its founding principles of decentralization.

After exceeding the expectations of most market participants this September, Bitcoin, the leading cryptocurrency, might now be on track to record stellar gains in the fourth quarter of the year.

As the crypto market drops to $2.20T momentarily, the bearish influence is increasing again. The BTC price is back below $65k, and the Ethereum sell-off continues, dropping ETH to $2,630.

After all bitcoins are mined, miners will rely on transaction fees to validate and secure the network while bitcoin's use will expand beyond payments.

Bitcoin has crossed the 160-day threshold since the last halving event, which historically marks the point where major upward price movement begins.

Taiwan's topmost financial securities regulator – the Financial Supervisory Commission (FSC) – stated that professional investors will be able to invest in cryptocurrency exchange-traded funds (ETFs), including Bitcoin ETF, via a re-entrustment method. The development comes as Chinese lawmakers propose a cautious crypto shift amid the rising demand for spot Bitcoin ETFs in the market.

The total crypto market cap has dropped to $2.370 trillion.

Crypto analyst Astronomer (@astronomer_zero) posits a strong bullish outlook for Bitcoin in the fourth quarter of 2024. Leveraging historical data, Astronomer provides an analysis via X, suggesting an 82% probability of an ultra bullish trend based on the performance of Bitcoin in September.

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, is setting its sights on matching Bitcoin's (BTC) impressive market value. Currently priced at about $2,634, Ethereum's market cap stands at approximately $318 billion, significantly trailing Bitcoin's staggering $1.298 trillion.

At the 2024 Tsinghua Wudaokou Chief Economists Forum in Beijing, former Chinese finance minister Lou Jiwei called on China to keep a close watch on cryptocurrency advancements, according to a recent report by Josh O'Sullivan for Cointelegraph.

Bitcoin on the rise! However, this increase could be jeopardized by investors if they do not adopt the right approach.

High market optimism may delay Bitcoin's peak, potentially leading to a correction despite favorable macroeconomic conditions. The post Bitcoin peak on hold as market sentiment remains high appeared first on Crypto Briefing.

Bitcoin (BTC) is struggling to stay above the $65,000 mark, currently down 1.63% at $64,490. But despite this short-term dip, bullish vibes are building across the market.

BTC is close to ending September up 9%, its best since 2013, ahead of a seasonally bullish October.

The sudden rise in Bitcoin (BTC)'s price has shocked both investors and analysts alike as the leading cryptocurrency closed at its two-month peak on September 28.

Bitcoin (BTC) continues to capture the attention of traders and investors alike, recent historical trends suggest that the cryptocurrency market may be on the verge of a significant upward movement. Analyzing technical indicators and market sentiment provides insight into what the future may hold for Bitcoin and the wider crypto landscape.

Bitcoin is expected to rally in Q4 2024 due to the US presidential election, economic factors, and historical trends, with experts anticipating potential new all-time highs.

An analyst who became popular after accurately calling the 2022 crypto meltdown believes Bitcoin (BTC) and altcoins are gearing up for bullish continuation. Pseudonymous analyst Capo tells his 102,828 subscribers on the instant messaging platform Telegram that a small pullback is in sight for BTC.

However, these are forecasts based on the past, which, however, does not necessarily have to repeat itself.

Even though the Fear and Greed Index is pointing at 61, Bitcoin slid down 1.70% in the last 24 hours. After reaching $66,450 Bitcoin price has returned to $64,140 after failing to register a support in upper areas. Let's discover the reasons for this price fall.

Bitcoin's potential Q4 gains highlight its resilience and attractiveness as a hedge against economic and political uncertainties. The post Bitcoin poised for Q4 gains amid US election uncertainty and halving impact appeared first on Crypto Briefing.

MicroStrategy was one of the early institutional investors in Bitcoin. The move has now paid off a 36x return on its initial investment as it remains the largest public holder of BTC.

Neither US party has attempted to adequately address the country's spiraling debt and deficit problem, which will play into Bitcoin's hands post-election, says a hedge fund manager.

Neither party has adequately addressed the country's spiraling debt and deficit problem, which will play into Bitcoin's hands post-election, a hedge fund manager said.

Coinbase app downloads have surged as Bitcoin regains popularity among retail traders, reflecting renewed interest in the cryptocurrency market after a prolonged downturn.

An expert analyst has expressed confidence in the cryptocurrency market, explaining the technical analysis behind the positive outlook. In a latest analysis by Allincrypto, the host/analyst discussed the impact of macroeconomic factors, pointing out that central banks worldwide (except Japan's) are lowering interest rates, weakening currencies, and increasing global liquidity.

Cryptocurrency Prices Today: The global cryptocurrency market is showing a slight 0.13% increase over the past 24 hours, bringing the total market cap to $2.31 Trillion. However, 24-hour trading activity has taken a significant dip, dropping by 18.72%, now sitting at $47.37 billion.

Key points:

BTC has registered its first three-week winning trend since February.

Investors now look to the upcoming Monday speech from Fed Chair Jerome Powell and the non-farm payroll data set to be released on Friday.

Rising US BTC-spot ETF inflows boost BTC demand, but looming Mt. Gox repayments and US economic data may pose supply risks for Bitcoin investors.

From a technical perspective and looking at historic trends, the only way for the crypto market to go is upward.

The crypto prices today have illustrated mixed actions, stirring investor speculations globally. Bitcoin (BTC) price slipped to the $64K level, whereas Ethereum (ETH) and Solana (SOL) encountered significant volatility.

Following the last week of upside, Bitcoin (BTC) along with the broader crypto market has come under selling pressure in the early trading hours on Monday. The BTC price is down 1.97% trading at $64,536 levels as the Japanese Nikkei 225 index slides nearly 5% today.

The Bitcoin price is plunging! The token has held the resistance at $65,500 throughout the weekend, suggesting a probable bullish close for the quarter. Woefully, the sluggish behaviour of the bulls enabled the bears to intensify their activity and cause significant harm to the rally.